EURUSD Daily Analysis – April 28, 2017

EURUSD moved sideways in a trading range between 1.0820 and 1.0950. As long as 1.0820 support holds, the sideways move could be treated as consolidation of the uptrend from 1.0569, and another rise to 1.1000 area could be expected after the consolidation. Key support is located at the ascending trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

EURUSD chart